Quality rent rolls make profitable businesses, but securing a better finance deal will make all the difference.
There’s no denying that securing finance for the purchase of an existing rent roll portfolio can be challenging, particularly in today’s lending landscape. Financing for rent rolls is subject to tightened lending criteria, the key is knowing which bank or lender is going to want your business here and now and that’s where we can help.
Some banks specialise in or have an appetite for rent roll finance, many don’t. Some banks will require a 40% loan to value ratio whilst others lend up to as much as 65% – and this changes regularly. Unfortunately, its not clear which banks are going to be able to assist you, which is why you need an experienced finance professional on your side.
At Ironbark Group Australia we work with a large panel of banks and lenders everyday and we know who’s going to look at your rent roll business favourably, ensuring you get a better finance deal.
If you want a better deal on Rent Roll Finance, our Rent Roll Finance Specialists will help you to secure a great finance deal and minimise the time you spend on unnecessary paperwork and jumping through bank hoops.
We can answer all your questions, including:
- How can you reduce the impact of loan repayments on your cash flow?
- How will the number and type of properties under management affect lender selection?
- What is the most cost effective way to structure your loan?
- What will the banks accept as security?
Purchasing a Rent Roll?
Top 3 Tips for Success:
ONE
GET AN EXPERT ON YOUR SIDE
Find a finance professional with a proven track record in rent roll finance as early as you can. Someone who can help you to define your business strategy and clearly communicate your financial position and subsequent business opportunities.
TWO
DUE DILIGENCE
The health of your rent roll is critical. Identifying weaknesses and opportunities early on will help you to make an informed decision with regards to the value and the ultimate purchase price. The team at Ironbark Group Australia have a proven track record in the property management arena and we will be happy to point you in the right direction.
THREE
RETENTION PLAN
The successful purchase of your rent roll business is only the first step. Retaining your listings post purchase is paramount and you need to have a strategy in place so you are ready for action the day your rent roll settles. Property management is an industry built on personal relationships so getting in front of your landlords as early as possible will be the key. You’ll need to work hard to ensure a smooth transition, to build trust and loyalty. Personal communication, over the phone initially and then face-to-face, will be best to start with, especially as new management agreements will need to be signed. Have an information pack about your business ready to go and be very clear about your offering and staff contact points. Perhaps consider hiring some of the seller’s staff, even in the short term, to assist with the transition process. Whatever your plan, your guiding aim is to ensure you don’t give your new landlords any excuse to leave.
Whether you are just getting started or are looking to add to an existing portfolio of properties we will work closely with you to secure a competitive finance solution to suit your needs.
Get in touch
Find out how we can find the best solution for your situation.
